News

On behalf of the Board of Directors, Ekovest wish to inform that we have written to the Edge to clarify the title of the Article “Ekovest may be dropped as River of Life PDP” and the role of Ekovest as the Project Delivery Partner (“PDP”) for the River of Life Project (“the ROL Project”).

For information of shareholders, Ekovest was appointed as the PDP of the ROL Project to the Government in year 2012 and our contractual role was officially concluded in January 2015.

Ekovest’s contracted role was to mainly provide horizontal coordination with up to 42 agencies while the respective agencies under multiple ministries spearhead the River of Life project. Under the PDP contract, Ekovest was authorised  by the government solely to tender/participate for beautification works within the ROL Project (via Swiss Challenge).

Ekovest has fully discharged all of its duties as the PDP to the Government for the ROL Project on 3 January 2015.